UPDATE: Court Approves Notice of Proposed Settlement of Protective Products of America Inc. Securities Litigation

PPATORONTO, January 20, 2014 - The Ontario Superior Court of Justice has issued an order approving notice of the proposed settlement of this action and scheduling a settlement approval hearing date for March 6, 2014. The Court has also ordered that, in order to participate in any distribution of the settlement funds, class members must submit their proof of claim forms to the Administrator before April 5, 2014. Further information about submitting a proof of claim can be found in the Long-Form Notice at the link below.

A copy of the Global Settlement Agreement for which approval will be sought can be found here.

A copy of the Collateral Settlement Agreement (without schedules) for which approval will be sought can be found here.

A copy of the Short-Form Notice can be found here.

A copy of the Long-Form Notice can be found here.

A copy of the Proof of Claim form can be found here.

A copy of the Notice Plan can be found here.

A copy of the Plan of Allocation can be found here.

For further information about filing a proof of claim, please contact the Administrator, Crawford Class Action Services, at 1-855-823-0652 or email at ppofa@crawco.ca